With reference to the PL645 Operators’ (Faroe Petroleum) press release Concedo has the following information. The well is drilled from the drillship West Navigator on behalf of PL645, and was spudded on the 10th November. The Novus prospect is located some nine kilometers to the south of the Statoil- operated, producing... More
Repsol Exploration Norge AS, operator of production licence 541, has completed drilling of wildcat well 4/4-1. The well is dry. The well was drilled about 60 kilometres east of the Trym field in the southern part of the North Sea. The objective of the well was to prove petroleum in... More
The Brattholmen well (4/4-1) was spudded Friday 13th September The Brattholmen well (4/4-1) was spudded Friday 13 th September. The well is drilled from the jack-up rig Mærsk Giant. The exploration well 4/4-1 for the Brattholmen prospect in PL 541 is located in the southern part of the North Sea,... More
Through a farm-in deal with Faroe Petroleum, Concedo ASA has acquired an additional 5% interest in PL645, and has now a total interest of 10% of the licence. Faroe Petroleum (30%) operates PL645, and other partners are Centrica (40%), Skagen 44 (5%), Spike (15%) and Concedo (10%). The Novus prospect... More
Today the Authorities announced the proposed awards in the 22. Concession Round. 36 companies had applied and 29 companies got awards. Unfortunately, Concedo is not on the list of companies getting awards this time. All the areas we applied for have been awarded, and we assume that the competition has... More
Four experienced professionals join Concedo Four experienced professionals will start working for Concedo during August and September 2013. The four new employees are: •Juergen Schlaf, senior geologist with experience from ConocoPhillips, Maersk and AGR •Ane Rasmussen, senior geologist (sedimentologist) with experience from PGS Reservoir, AGR and North Energy • Tommi... More
Concedo ASA and OMV (Norge) AS signed a deal on 14th May 2013 where Concedo will obtain a 20 % share in PL 393B located next to the Nucula oil discovery in the Barents Sea, and OMV will obtain a 20% share in PL 607, just west of the Skrugard... More
